JPMorgan Chase & Co. Has $817,000 Position in RCI Hospitality Holdings, Inc. (RICK)

JPMorgan Chase & Co. lowered its position in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 16.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,282 shares of the restaurant operator’s stock after selling 6,580 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of RCI Hospitality Holdings worth $817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Airain ltd purchased a new stake in shares of RCI Hospitality Holdings in the second quarter valued at about $267,000. Bank of New York Mellon Corp grew its holdings in shares of RCI Hospitality Holdings by 46.9% in the second quarter. Bank of New York Mellon Corp now owns 59,834 shares of the restaurant operator’s stock valued at $1,426,000 after purchasing an additional 19,091 shares during the period. ClariVest Asset Management LLC grew its holdings in shares of RCI Hospitality Holdings by 3.9% in the second quarter. ClariVest Asset Management LLC now owns 26,418 shares of the restaurant operator’s stock valued at $629,000 after purchasing an additional 1,000 shares during the period. Schwab Charles Investment Management Inc. purchased a new stake in shares of RCI Hospitality Holdings in the second quarter valued at about $382,000. Finally, Sei Investments Co. grew its holdings in shares of RCI Hospitality Holdings by 83.3% in the second quarter. Sei Investments Co. now owns 8,153 shares of the restaurant operator’s stock valued at $194,000 after purchasing an additional 3,706 shares during the period. 48.47% of the stock is owned by hedge funds and other institutional investors.

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RCI Hospitality Holdings, Inc. (RICK) opened at 28.09 on Friday. RCI Hospitality Holdings, Inc. has a 52-week low of $11.09 and a 52-week high of $28.22. The firm has a 50-day moving average of $25.26 and a 200-day moving average of $22.30. The firm has a market cap of $272.98 million, a PE ratio of 25.40 and a beta of 0.27.

RCI Hospitality Holdings (NASDAQ:RICK) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $37.43 million during the quarter, compared to analysts’ expectations of $37.64 million. RCI Hospitality Holdings had a return on equity of 10.75% and a net margin of 7.84%. During the same quarter last year, the business posted $0.34 EPS. Equities analysts anticipate that RCI Hospitality Holdings, Inc. will post $1.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 11th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Friday, September 8th. RCI Hospitality Holdings’s dividend payout ratio (DPR) is 10.62%.

A number of equities research analysts recently issued reports on RICK shares. Zacks Investment Research lowered shares of RCI Hospitality Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Westpark Capital set a $30.00 price objective on shares of RCI Hospitality Holdings and gave the company a “buy” rating in a report on Thursday, August 10th.

About RCI Hospitality Holdings

Institutional Ownership by Quarter for RCI Hospitality Holdings (NASDAQ:RICK)

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